Eurozone Consumer Price Index (YoY) Preliminary For May 2.6% Vs. 2.5% Est.; 2.4% Prior
Portfolio Pulse from Benzinga Newsdesk
The Eurozone Consumer Price Index (CPI) for May has been reported at 2.6% year-over-year, slightly above the estimated 2.5% and the prior 2.4%.
May 31, 2024 | 9:03 am
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NEUTRAL IMPACT
The Eurozone CPI for May has been reported at 2.6% YoY, slightly above estimates. This could indicate rising inflationary pressures in the Eurozone, potentially impacting the Vanguard FTSE Europe ETF (VGK).
The slight increase in the Eurozone CPI suggests rising inflationary pressures, which could affect the performance of the Vanguard FTSE Europe ETF (VGK). However, the impact is likely to be moderate as the increase is marginal.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50